🔥 WALL STREET ON FIRE, ASIA CHILLING IN GREEN!
U.S. CPI rose 0.4% in October, higher than the 0.3% forecast, while core CPI rose 0.3% for the third consecutive month. Markets are now expecting the Fed to raise interest rates in December.
$BTC retreated to around $73,600, $ETH hovered around $2,050, and Fear & Greed was at 29 — Fear.
While Wall Street is burning red over hot CPI and rate-hike concerns, Asian markets are still in the green, with the TAIEX, KOSPI, and AI/chip stocks keeping cool.
How much longer do you think this hot CPI reading will weigh on crypto, or has the market already priced in the December rate hike?
#hotcpidecemberhikepriced #BTC #ETH #CryptoNews
U.S. CPI rose 0.4% in October, higher than the 0.3% forecast, while core CPI rose 0.3% for the third consecutive month. Markets are now expecting the Fed to raise interest rates in December.
$BTC retreated to around $73,600, $ETH hovered around $2,050, and Fear & Greed was at 29 — Fear.
While Wall Street is burning red over hot CPI and rate-hike concerns, Asian markets are still in the green, with the TAIEX, KOSPI, and AI/chip stocks keeping cool.
How much longer do you think this hot CPI reading will weigh on crypto, or has the market already priced in the December rate hike?
#hotcpidecemberhikepriced #BTC #ETH #CryptoNews
